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RELATED PARTY TRANSACTIONS
12 Months Ended
Jul. 31, 2025
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

NOTE 5 - RELATED PARTY TRANSACTIONS

 

On July 8, 2025, the Company and RAC Merger LLC (“RAC Merger”) entered into a share purchase agreement in order to sell 100% issued and outstanding shares of RAC Real Estate Acquisition Corp., to RAC Merger for a total purchase amount of $2,374,896. RAC Merger is owned by certain shareholders, officers and directors of the Company or its wholly owned subsidiary, RAC Real Estate Acquisition Corp.  During the period ended July 31, 2025, RAC Merger as a majority shareholder of the Company, was paid it a part of purchase price in the form of the property it received which equaled the amount $2,339,273. As of July 31, 2025, RAC Merger owned to the Company for amount of $35,623 to be distributed as a dividend to the remaining minority shareholders of the Company.